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NYC Hotels Seek Relief from Penalty for Late Property Taxes

A trade group that represents Marriott, Hilton and Sheraton as well as smaller boutique hotels is asking NYC to forgive or reduce interest charges

New yorkUnited statesVijay dandapaniJohn fitzpatrickCity councilHotel association of new york cityCitizens budget commissionHilton worldwide holdings incMarriott international incStruggling new york cityMayor bill de blasioHotel associationNew york cityFinance departmentKeith powersConde nast traveler

HNA Units Make Plans to Claw Back $17 Billion Misused Funds

HNA Units Make Plans to Claw Back $17 Billion Misused Funds Bloomberg 2/10/2021 Shirley Zhao and Daniela Wei (Bloomberg) Three listed units of China’s indebted HNA Group Co. announced plans to recoup at least 112 billion yuan ($17 billion) of misused funds, undisclosed debt guarantees and questionable investments by its major shareholders and their affiliates. Popular Searches Flagship Hainan Airlines Holding Co. will ask its parent to repay part of its debt while two other group firms are paring the stake held by their controlling shareholders. The carrier will transfer interest-bearing debts of at least 72.5 billion yuan to HNA and HNA Aviation Group Co., holding them responsible for the wrongdoings, according to a Feb. 9 exchange filing. The plan has been endorsed by the majority of its creditors, the filing said.

Chen fengGeorge sorosFlagship hainan airlines holding coDeutsche bankIngram micro incGroup coHilton worldwide holdings incHainan airlinesInfrastructure investment group coAviation group coHainan airlines holdingInvestment groupHilton worldwide holdingsIngram microசென் ஃபெங்முதன்மையானது ஹைனன் விமான நிறுவனங்கள் வைத்திருத்தல் இணை

HNA units make plans to claw back US$17b in misused funds

(Feb 10): Three listed units of China’s indebted HNA Group Co announced plans to recoup at least 112 billion yuan (US$17 billion) of misused funds, undisclosed debt guarantees and questionable investments by its major shareholders and their affiliates. Flagship Hainan Airlines Holding Co will ask its parent to repay part of its debt while two other group firms are paring the stake held by their controlling shareholders. The carrier will transfer interest-bearing debts of at least 72.5 billion yuan to HNA and HNA Aviation Group Co, holding them responsible for the wrongdoings, according to a Feb 9 exchange filing. The plan has been endorsed by the majority of its creditors, the filing said.

Chen fengGeorge sorosFlagship hainan airlines holding coDeutsche bankIngram micro incGroup coHilton worldwide holdings incHainan airlinesInfrastructure investment group coAviation group coHilton worldwide holdingsசென் ஃபெங்முதன்மையானது ஹைனன் விமான நிறுவனங்கள் வைத்திருத்தல் இணைடாய்ச் வங்கிஇஂக்ரம் மைக்ரோ இன்க்குழு இணை

Amazon com, Inc (NASDAQ:AMZN), Biogen Idec Inc (NASDAQ:BIIB) - Barron s Picks And Pans: Amazon, Biogen, Casey s General Stores, Hilton And More

Amazon com, Inc (NASDAQ:AMZN), Biogen Idec Inc (NASDAQ:BIIB) - Barron s Picks And Pans: Amazon, Biogen, Casey s General Stores, Hilton And More
benzinga.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from benzinga.com Daily Mail and Mail on Sunday newspapers.

Teresa rivasReshma kapadiaLawrencec strausAvi salzmanEricj savitzJack houghJosh nathan kazisAndrew baryLawrencec straussEli lilly and coDrub administrationAmazon web servicesNewmont corporationNextera energy incStores incDuke realty corp

HNA-Backed Hong Kong Airlines in Danger of Getting Wings Clipped

HNA-Backed Hong Kong Airlines in Danger of Getting Wings Clipped Embattled Hong Kong Airlines Ltd. (HKA) may again face the risk of losing its flying license due to financial concerns, a little more than a year after getting a reprieve from the local aviation authority. The 14-year-old airline’s dilemma has emerged as the low-cost carrier’s major stakeholder, the once high-flying conglomerate HNA Group Co. Ltd., is dealing with its own financial problems. HKA is just the latest firm pushed to the brink of crisis by HNA Group’s struggles under a mountain of debt incurred during its early global spending spree that at its peak boosted total assets to 1.2 trillion yuan ($186 billion).

Hong kongLuo meihanEmbattled hong kong airlines ltdLicensing of air services regulationsDeutsche bankHong kong air transport licensing authorityGroup coSpring airlines coHainan airlines holding coHilton worldwide holdings incHainan airlinesJuneyao airlines coEmbattled hong kong airlinesAir transport licensing authorityAir transportAir service